BU80243: Fundamentals of Accounting (ODEL)

This module aims at equipping student with knowledge and understanding of  Introduction to accounting, Purpose of accounting, basic principles of accounting; concepts and conversions underlying accounting reports, accounting equation, users of financial statements and their information needs, Double entry, book keeping and books of original entry, Distinction between treatment of capital revenue and expenditure in accounts, Reconciliation of bank and cash balances, Types of errors and their correction, Preparation  of  the  trading,  profits  and  loss accounts and balance Sheet